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Tetra: Fiscal 1Q Earnings Snapshot

PASADENA, Calif. (AP) _ Tetra Tech Inc. (TTEK) on Wednesday reported fiscal first-quarter earnings of $47.3 million.

On a per-share basis, the Pasadena, California-based company said it had net income of 85 cents. Earnings, adjusted for pretax gains, came to 84 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The consulting and engineering services company posted revenue of $797.6 million in the period. Its adjusted revenue was $614 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $608.7 million.

Tetra expects full-year earnings to be $3.40 to $3.55 per share.

Tetra shares have increased almost 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $89.43, an increase of 84% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTEK at https://www.zacks.com/ap/TTEK